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Saturday, 30 September 2017

The Reserve Bank of India (RBI) on Friday announced that it will sell government securities worth Rs 10,000 crore through open market operations (OMO).

The RBI bimonthly monetary policy decision is slated at 2.30 pm on Wednesday, 4 Oct 2017. The RBI had cut policy repo rate by 25 bps to 6% after its last monetary policy meeting in August, reducing the key policy rates for the first time in this financial year.

"Based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct sale of government securities under OMO for an aggregate amount of Rs 100 billion," the central bank said in a statement.

Thursday, 28 September 2017

SBI Infrastructure Fund has announced change in investment factsheets and fund flash for the month ended August 31, 2017. As on Aug 31, 2017, the total size of the Fund was Rs 581.55 crores, compared with Rs 586.00 crores in the last month. The Fund's NAV per unit was Rs 14.29 for Growth, while 52-Week High and Low ranges were Rs 15.07 and Rs 11.93 respectively.

The move potentially freed up 440 billion rupees ($6.79 billion) of debt available to offshore investors.

Access to the corporate bonds by foreign investors will be phased in over the next two quarters -- 270 billion rupees during October-December and 170 billion rupees in January-March, the Reserve Bank of India said in a circular.

Friday, 22 September 2017

Indian shares ended lower for a fourth straight session on Friday, weighed down by banking stocks, as the government's plan for $7.7 billion stimulus spending raised concerns over fiscal deficit.The Nifty closed down 1.56 % at 9,964.40, while the benchmark Sensex fell 1.38 % to 31,922.44. Both indexes posted their biggest intraday percentage decline in 10 months.The Nifty lost 1.22% this week, while the Sensex fell 1.09 percent. Both indexes posted weekly losses for a second time this month.For More information visit our site www.marketmagnify.com or missed call 7879881122.

Wednesday, 20 September 2017

SBI Life's USD 1.3 billion (Rs 8400 crore ) initial public offering (IPO) is set to open on Wednesday.The issue, with a price band of Rs 685 to Rs 700 per share for its Rs 8400 crore issue, is expected to be the largest in the insurance space. The IPO closes on September 22.This IPO includes an initial public offer of up to 120 million equity shares of face value of Rs 10 each through an offer for sale by State Bank of India and BNP Paribas Cardif where each will be selling up to 80 million equity shares and up to 40 million equity shares, respectively.

Friday, 8 September 2017

RAMKY

STOCK HAS GIVEN TRENDLINE BREAKOUT ON 5TH OF SEPT WITH HIGH VOLUME AND AFTER THAT CONSOLIDATING IN THE RANGE OF 99 TO 105 WHICH IS ABOVE BREAKOUT LEVEL, 105 IS VERY CRUCIAL LEVEL, AS MACD AND RSI ARE IN FAVOR OF STOCK. FOR NEXT WEEK WE SUGGEST BUYING IN RAMKY ABOVE 105 WITH SL OF 97 FOR TARGET OF 112-120.

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Thursday, 7 September 2017

The Indian rupee opened higher by 7 paise at 64.03 per dollar on Thursday versus previous close 64.10.Mohan Shenoi of Kotak Mahindra Bank said, "Rupee has been trading in a very tight range for the past few weeks which is likely to continue. USD-INR trading range for the day is 63.90-64.20."

"Despite lower Indian GDP data and lower US 10-year treasury yields the bond market has not seen any significant movement. Increase in crude oil prices is a dampener. 6.79 GOI 2027 trading range for the DAY 6.49 to 6.53.

The dollar lost some ground after edging up against the Japanese yen after getting a boost from trump's surprise deal with the democrats on extending the debt limit.

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Wednesday, 6 September 2017

The Reserve Bank of India today fixed the reference rate of the rupee at 64.2146 against the US dollar and 76.5438 for the euro. The corresponding rates were 64.1164 and 76.2921, yesterday.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 83.6395 and 59.04 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon. The SDR-rupee figure will be based on this rate, the statement added.

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